Binary Options Robot, one of the most popular binary options software available on the market, has many useful features that you as a trader can and probably should use to customize your trading. These features is something that everyone can use not only for simply increasing their profit, but also to understand binary options industry better.
This knowledge can really be a lifesaver when it comes to trading, just like understanding the risks lying in it. Binary options trading is not as simple as some traders like to think and should be handled with the effort it deserves. Automated trading is a form of binary options trading that gives its users a completely different binary trading experience.
How does Maximum Daily Trades Feature Work?
Maximum daily trades is a Binary Options Robot setting that allows you to set a number of their trades you want to perform on that particular day. Why limit the number of daily trades, you might ask. Isn’t it better to have as many trades as possible when trading binary options?
The answer is simple: no! If you believe in quantity over quality, you will never be able to succeed in automated trading. The right balance is the most important thing here. Maximum daily trades allows traders to manage your trading portfolio and risks in the best possible way.
How does Daily Stop Loss work?
Talking about making a profit, it’s important to mention that it’s not how much we invest but what the win ratio will be. There are various issues (such as overtrading) that can damage quite severely your trading balance and stop you making a profit using auto trading. Some traders have no self-control whatsoever and can go ahead trying to make up for their loss.
Daily Stop Loss in Binary Options Robot simply stops traders from continuing their activities after they already reached a certain risk amount. If they succeed in those trades, they still have the profit. But if that trade is unprofitable, the risk is limited since they cannot lose more money than set from the start.
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